Senior Actuary Salary in Parma, OH: $190,120 (2026)
Quick Answer:The top tier of actuaries working in Parma, OH — those at or above the 90th percentile — pull in $190,120/year or more for 2026, based on BLS OEWS 2025 estimates for SOC 15-2011. Strip back Parma's price premium (BEA RPP 90.7, 9% below national) and that top-decile pay carries the same buying power as $209,614 in average-cost America. The 55% spread above city median typically rewards 7+ years of practice or specialty credentials.
Based on BLS state-level estimates · View source
In 2026, Parma's experienced actuaries have notable earning potential, with top earners (P90) projected to make $190,120 annually. This puts them close to national benchmarks, although slightly behind the national top-tier figures. The gap between the median annual salary of $122,658 and the earnings of these senior professionals highlights the lucrative opportunities available for those who advance through the ranks and attain specialized skills. Achieving this level of compensation often requires a combination of extensive experience and advanced credentials, making it essential for actuaries in the region to engage in continuous professional development.
About the Parma Market
Salary estimated from Ohio average ($120,000) adjusted for local cost of living.
2026 Salary Percentile Distribution in Parma
Experienced actuarys at the top of the pay scale in Parma earn between $157,002 and $190,120 per year (2026 est.). This $116,874 range from 10th to 90th percentile reflects significant earnings potential growth over a career. The Parma median of $122,658 sits 8.57% below the US median.
Top ASA, FSA Salary Comparison
| Level | Parma | National |
|---|---|---|
| Median (P50) | $122,658 | $134,160 |
| 75th Percentile | $157,002 | $176,111 |
| 90th Percentile (Top 10%) | $190,120 | $221,983 |
In Parma, experienced actuaries (P90) earn 55.00% more than the local median — reflecting the significant value of specialization and tenure in this market.
What Drives Top Actuary Pay in Parma
Advanced Certifications in Ohio
OH actuaries with additional specialty certifications within the actuarial science field earn significantly above the $122,658 median. Expanded-scope credentials are increasingly valued by Parma employers.
Specialty Focus
Actuaries focusing on high-acuity or specialty areas within the actuarial science field in Parma command premium compensation, often reaching the $157,002–$190,120 range.
Large Health-System & Multi-Site Experience
Large hospital systems and multi-site employers in the Parma metro area often pay above-market rates for experienced actuaries who demonstrate efficiency and leadership.
Employer Loyalty & Patient Relationships
Long-tenured actuaries in Parma with established relationships have strong negotiating leverage. In this developing market, retention bonuses and annual raises are common for top performers.
Continuing Education & Leadership
Actuaries in Ohio who pursue advanced degrees, mentor junior staff, or lead clinical education programs position themselves for the highest compensation tiers and management roles.
Actuary Career & Wage Growth Path in Parma
Clinical Actuary
0-5 yearsSenior/Lead Actuary
5-10 yearsActuary Department Manager
10+ yearsEducator / Specialty Leadership
AdvancedParma ranks #5 of 67 Ohio cities for top earner actuary salary (90th percentile: $190,120).
Top 10% actuary compensation in Parma ($190,120) is 6.2% above the Ohio average P90 ($179,023).
2019 BLS Actual
$165,811
2025 BLS Actual
$184,225
2026 Current Est.
$190,120
2019–2027 Growth
+18.3%
Salary Trajectory for Actuaries in Parma (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $165,811 | Actual |
| 2020 | $167,875 | Actual |
| 2021 | $177,133 | Actual |
| 2022 | $170,693 | Actual |
| 2023 | $179,266 | Actual |
| 2024 | $170,055 | Actual |
| 2025 | $184,225 | Actual |
| 2026(current) | $190,120 | Estimated |
| 2027 | $196,204 | Projected |
Top-earning actuaries (90th percentile) in Parma saw their compensation grow 11.1% from $165,811 in 2019 to $184,225 in 2025, based on 7 years of BLS OEWS data for this metropolitan area. At a 3.20% annual growth rate, senior-level pay is projected to reach $196,204 by 2027, reflecting continued demand for clinical expertise and expanded-function credentials.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Parma metropolitan area, sourced from annual Occupational Employment and Wage Statistics surveys. 2026–2026 figures are current estimates, and 2027 values are projections, calculated using a 3.20% CAGR derived from 7-year BLS historical data. Actual salaries may vary based on employer, experience, certifications, and local market conditions.
Maximizing Your Actuary Earnings in Parma
When evaluating the factors that influence senior actuary pay in Parma, a variety of specializations can significantly affect earnings, particularly in areas such as life and annuity, health, property and casualty (P&C), and enterprise risk management. Actuaries working for major insurers like Prudential or consulting firms such as Mercer often receive higher compensation compared to those in academia or government roles. For those navigating the pathway toward higher pay, advanced credentials such as the Fellow of the Society of Actuaries (FSA) or Fellow of the Casualty Actuarial Society (FCAS) can set candidates apart, especially when paired with technical proficiencies in predictive analytics. Career progression that starts from an actuarial analyst to roles like managing actuary or chief actuary reflects not only an increase in responsibilities but also a marked increase in salary, often driven by exam completions that correspond to pay raises.
More salary data for Parma, OH:
Frequently Asked Questions
How much do experienced actuaries make in Parma in 2026?
What drives higher actuary pay in Parma?
What certifications boost actuary salary in Parma?
Can experienced actuaries make six figures in Parma?
How much does actuary salary increase over time in Parma?
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Written by Maria Chen, FSA, MAAA
Career Analyst
Maria has 10 years of experience in life insurance. She specializes in risk assessment and pricing strategies.
Methodology & Data Source
Top-earner salary figures on this page are 2026 projections derived from the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. BLS reported a 90th percentile salary of $184,225 for actuaries in the Parma metro area. A 3.20% compound annual growth rate (CAGR), calculated from 6-year national BLS wage trends, was applied to project current 2026 senior-level compensation. Individual earnings depend on certifications, specialization, practice type, and years of clinical experience.
Data Sources & Methodology
Salary data for Parma is estimated from official BLS state-level occupational wage data (2025), adjusted for regional cost-of-living differences using BEA RPP (Regional Price Parities).
2026 figures are projected from 2025 BLS data using a compound annual growth rate (CAGR) of 3.20%, derived from historical BLS wage trends for actuarys (SOC 15-2011).
Compiled and verified by Maria Chen, FSA, MAAA, a licensed actuary with 10+ years of clinical experience. · View source data at BLS.gov